Jan 24, 2013 7:00pm EST
it on the people who best can afford it. it worked for president obama, the democrats, like the cbs news political director said is to go for the jugular, to cut the throat to destroy republicans. this is not about achieving a budget or growing jobs. it's about destroying the opposition so they can continue grow the size of the federal government, continue to increase deficits and debt so there's at some point no choice except to continue to raise taxes. >> senator, i'm less interested in this democratic tax budget. i want to ask you a question direct. will the spending sequester the automatic across the board spending cuts sequester go in. if you don't do anything on march 1st as you well know, it goes into place. 1.2 trillion roughly often years, hundred billion this year, to me the public wants lower spending. senator, will they get it? will the gop just say go on ahead dean it? -- ahead and dope it? -- ahead and do it? >> they are hemmed in by the recognize of the democrats again and again. the republicans do not want to cut defense spending. very concerned about what that's going to do. we go
Jan 28, 2013 5:00pm EST
states. >> mr. blount, how does it fit into the political equal when you see foreign countries making cars in the u.s. how much between a rock and a hard place do you think president obama is there and how much -- is that important at all? >> well, actually, if you want to encourage foreign direct investment in the united states, you ought to be concerned about this. obviously the appropriately valued yen can cause them to place production where their sales occur, like in the united states and other markets. you ought to be concerned if you want to see that sort of foreign direct investment to continue. certainly it has an impact. they're exporting half of their product. that's not a sustainable model unless you do so at the expense of other nations. >> what is an appropriately valued yen? >> well, it should be set by the marketplace. and it shouldn't be set by these efforts to devalue it. really to get a trade advantage, which is what's occurring today. >> okay. governor, we're going to leave it there. appreciate your time. fascinating topic. governor blount. >> i would just say, he'